Hibernia Provident Society
Nonprofit profile at a glance
- EIN
- 202888740
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 9149990700
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $84,256
- Expenses
- $114,608
- Assets
- $64,314
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MICHAEL COSGROVE (PRESIDENT)
People named in this filing
- JOHN EGAN (SECRETARY)
- EDWARD DEITZ (DIRECTOR)
- MARK ROYTMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help building service workers improve themselves and the industry through education, networking, professional developement, and exchange of methods.
What it reported doing in 2024
Hold ten monthly meetings per year for educational updates, seminars, and open forum question and answer sessions for industry and provide access to networking events with other organizations in the industry.
Operating model
- Revenue model
- Membership-supported. 86% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.7%; rating input score 89
- Program expense ratio: 65.2%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -36%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 47th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 88.7% of revenue deployed · 65.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $75K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.